Army Chief and Businessman Discuss Economic Plan
The Army Chief met businessmen yesterday regarding economic plan. In which he was told how much investment the Muslim countries will make for the stability of Pakistan. During the desperate economic situation, the high flight of the dollar, and the continuous crisis of wheat and cotton, Army Chief General Asim Munir has indicated the bright future of the country in view of the large foreign investment coming in various sectors. Report of Dawn newspaper. In a 4-hour-long meeting with about 50 businessmen in Karachi on Saturday (September 2), the army chief said that during his recent visit to Saudi Arabia, he had informed Crown Prince Muhammad bin Salman that he was only in Pakistan. One, they didn’t come there to invest $2 billion.
$25 Billion Investment in Pakistan
Later, Prince Mohammed bin Salman assured the army chief of a $25 billion investment in Pakistan under the Special Investment Facilitation Council (SIFC) aimed at ensuring land supply and exports in the agricultural sector. To attract investment. Sources say that the army chief has asked the Saudi prince to allocate 10 billion dollars to overcome the country’s foreign exchange problems, which will be returned in rupees.
United Arab Emirates
Referring to the meeting held in the United Arab Emirates, the army chief also requested the ruler of the United Arab Emirates to provide $10 billion to improve the situation of foreign exchange reserves, to which the ruler of the United Arab Emirates reportedly agreed. Revealed, the ruler of the United Arab Emirates has also promised to invest another 25 billion dollars if the army cooperates.
Qatar and Kuwait
General Asim Munir also assured businessmen to bring 25 to 30 billion dollars of investment from Qatar and Kuwait in his next visit to improve the country’s economy. He said that he would try to bring investments of 75 billion to 100 billion dollars from Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait.
Encourage Foreign Investment
A businessman who participated in the meeting said that the Army Chief has also disclosed that land leveling is being done in various areas of Punjab, Sindh, and other provinces to encourage foreign investment in various crops.
International Monetary Fund
Sources said that General Asim Munir also hint not to go to the International Monetary Fund (IMF). For any new program as the IMF does not allow it. To function independently and also hikes electricity rates. This is a part of the program. In the meeting, along with gas, electricity, exports, and corruption. The role of bureaucracy was also discuss. On the smuggling of Iranian petrol, he told the Corps Commander that Iranian petrol should not reach Karachi.
Corruption in Sindh
Issues relate to corruption in Sindh. A culture of tax evasion, privatization of SOs repatriation of illegal Afghans. And non-submission of tax returns were also discuss during the meeting. A businessman term the meeting as highly encouraging as its positive results. Will emerge at a time when the country is facing a deep crisis. In sugar and wheat and the dollar is appreciating against the rupee. said that in light of the meeting held on Saturday (September 2). A follow-up meeting has been arrange with Corps Commander 5 in Karachi.
He said that General Asim Munir seems determine. And optimistic to bring in huge foreign investment from Muslim countries. And this will definitely make a difference to the economic prospects. Chairman of Businessman Group Zubair Motiwala, President of Karachi Chamber of Commerce. And Industry Tariq Yusuf, President of FPCCI Irfan Iqbal Sheikh. And some prominent businessmen of Karachi participated in the meeting.